The global bio-adhesives market is expected to grow due to the advancement of biotechnology, increasing environmental regulations, and the growth of the packaging industry.
According to a report by Straits Research, the global construction adhesives market is expected to grow to $17.88 billion in 2031 due to investments in infrastructure and rising demand from the residential sector.
According to a report by Research Nester, the global cellular rubber market is expected to grow from $8.4 billion in 2022 to $18 billion by 2035. The growth is due to the forecasted rise in the automotive, rubber, electronic, and space industries.
Despite high interest and mortgage rates, construction of single-family housing units grew in September as buyers are turning to new homes due to a poor resale market.
Despite a drop in net revenue for the quarter, the company remains optimistic that its business model will continue to remain profitable in uncertain market conditions.